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NAB Morning Call

Phil Dobbie
Oil
United States
Oil Prices
Federal Reserve
Artificial Intelligence
Iran
Reserve Bank Of Australia
China
NAB
Australia
European Central Bank
Japan
Oil Price
Middle East Conflict
United States Economy
Data Centers
Australian Dollar
Bank Of Japan
Bond Yields
Strait Of Hormuz

Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead.

Hosted on Acast. See acast.com/privacy for more information.

PublishesDailyEpisodes1687Founded10 years ago
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Latest Episodes

Tuesday 3rd November 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Phil and NAB’s Rodrigo Catril analyse a sharp drop in oil prices after reports surfaced that US President Trump is pursuing dipl... more

Monday 2nd November 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Phil talks to NAB’s Sally Auld about Friday’s tech rout and tomorrow’s Melbourne Cup rate rise from the RBA. Ahead of the decisio... more

Friday 30th October 2026

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

Phil speaks with Paul Mortimer-Lee, Research Fellow at the National Institute of Eco... more

Friday 30th October 2026

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Phil and NAB’s Gavin Friend explore a risk-off session across equity markets triggered by a fresh wave of artificial intelligence... more

Key Facts

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Recent Guests

Skye Masters
NAB economist covering financial markets and monetary policy.
NAB
Episode: Australian CPI to put RBA on a Knife-Edge
Rodrigo Catril
NAB market economist discussing global markets and currencies
NAB
Episode: Tech Rallies on Anthropic IPO Plans as Brazil Reprices and Oil Holds Firm
Ken Crompton
NAB markets economist discussing global markets and central bank policy
NAB
Episode: The most critical week of the year so far?
Erin Leigh Brown
Co-author of Grattan Institute's Budget Reboot: How to Fund Australia's Future
Grattan Institute
Episode: Is the Grattan Institute Right On Tax Reform? Or Left?
Gavin Friend
NAB market strategist commenting on global markets and economic developments.
National Australia Bank
Episode: Running for cover
Taylor Nugent
NAB economist discussing market developments and economic data.
NAB
Episode: Mixed AI messages – NextDC plunges as SpaceX rises
Sally Auld
NAB economist and markets research specialist.
NAB
Episode: Bond Yields Surge and Tech Rebounds
Tom Jensen
Head of International Freight & Logistics at the Freight & Trade Alliance
Freight & Trade Alliance
Episode: Weekend Edition: From COVID to Conflict – Australia’s Supply Chain Bottlenecks
Ray Attrill
Senior FX Strategist at NAB
NAB
Episode: RBA Rate Risks, Slump in Business Confidence, and the IMF's Sticky Inflation Warning

Host

Phil Dobby
Host of NAB Morning Call, NAB (National Australia Bank)

Reviews

4.8 out of 5 stars from 825 ratings
  • Fantastic

    Phil, I really enjoy the morning summaries and in particular your weekend deep dives.

    Apple Podcasts
    5
    @MB2030
    Australia8 months ago
  • Informative and insightful.

    Great way to start the day! Thank you Phil and NAB.

    Apple Podcasts
    5
    great assistant
    Australia9 months ago
  • A little request

    I know it’s hard but errs and ums really stand out on podcasts so please get speakers who don’t stammer at all.

    Apple Podcasts
    4
    Rooksta
    Australiaa year ago
  • Ok… but lacking balance

    I understand it’s a male dominated industry… but surely they could occasionally get a female voice on here. As a female listener it would be great to fee represented

    Apple Podcasts
    3
    Jacew65
    Australiaa year ago
  • Fantastic

    Best way to start the day!

    Apple Podcasts
    5
    glasgowuk2002
    Australiaa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Concise yet insightful daily market brief; strong start to the day.
Some listeners wish for more balanced speaker representation.
Guests provide solid macro context and practical market takeaways.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#30
United Kingdom/News/Business News
Apple Podcasts
#233
Canada/News/Business News
Spotify
#31
Australia/News
Apple Podcasts
#187
Australia/Top Podcasts
Apple Podcasts
#1
Australia/News/Business News
Apple Podcasts
#35
Australia/News

Talking Points

Recent interactions between the hosts and their guests.

Running for cover
Q: But the question is, what does it mean for the RBNZ next week?
Friend says markets are pricing in a high chance of a rate hike, citing firmer core inflation measures and broader price increases, though the central bank may move gradually.
Running for cover
Q: So, I mean, there's just no good news in any of this.
Friend says investors are seeking safe havens such as US Treasuries, the yen and the Swiss franc, while business surveys still point to resilient global activity.
Is the Grattan Institute Right On Tax Reform? Or Left?
Q: What did you find when you compared what governments said they were going to spend with what they actually spent?
Brown says states exhibit a soft budgeting problem: they set tight budgets based on optimistic cost-control assumptions, then spend more when costs exceed those budgets. Revenue windfalls from sources such as stamp duty and mining royalties often cover overruns or fund new programs rather than reduce debt.
Is the Grattan Institute Right On Tax Reform? Or Left?
Q: What did you find when you looked at who is actually benefiting from the current exemptions in dollar terms?
Brown says higher-income households receive most of the dollar benefits from GST exemptions, partly because they spend more on private education and healthcare. She says the proposed tax cuts and welfare increases are designed to offset the GST change for lower-income households.
The most critical week of the year so far?
Q: So what a week. We've got Central Bank wise, RBNZ, the FOMC, we've got the Bank of Canada, we've got the Bank of Japan, we've got the ECB. Wow. So who is lifting rates amongst that? Or maybe it's easier to say who's not gonna be lifting rates this week.
Crompton expects the Reserve Bank of New Zealand to raise rates. He expects the Bank of Canada, Federal Reserve, European Central Bank and Bank of Japan to hold.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About NAB Morning Call

What is NAB Morning Call about and what kind of topics does it cover?

A concise briefing on global macro and markets, with a focus on overnight price action, central bank signals, oil and gas dynamics, and the path of inflation. Episodes frequently feature NAB economists and strategists offering live commentary on equities, FX, commodities, and policy developments, plus deep dives from industry guests on energy, metals, and macro themes. Notable strengths include timely, data-driven analysis, a practical Australian perspective, and a cadence suitable for commuters starting their day. A number of episodes explore sector-specific issues like domestic gas reservation policies or gold demand drivers, making it useful for listeners who want quick, actionable context for markets and policy shifts.

Potential listen... more

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Which podcasts are similar to NAB Morning Call?

These podcasts share a similar audience with NAB Morning Call:

1. CommSec Market Update
2. 5 in 5 with ANZ
3. Chanticleer
4. The Fin
5. The Rules of Investing

How many episodes of NAB Morning Call are there?

NAB Morning Call launched 10 years ago and published 1687 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on NAB Morning Call?

Recent guests on NAB Morning Call include:

1. Skye Masters
2. Rodrigo Catril
3. Ken Crompton
4. Erin Leigh Brown
5. Gavin Friend
6. Taylor Nugent
7. Sally Auld
8. Tom Jensen

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